Aruba Networks Raises $25 Million in Series D Financing25 October 2005
Aruba Networks, the Mobile EdgeCompany, today announced that it has closed a series D round of funding,securing an additional $25 million in equity financing. The latest roundbrings the total equity investment in the company to $84 million. The new round of financing was led by Artis Capital Management, LLC, withadditional participation from all existing equity investors, including MatrixPartners, Sequoia Capital, Trinity Ventures, and WK Technology Fund. Arubawill use the funds to support expanding operations and increased sales andmarketing efforts worldwide. "Our business continues to grow at an accelerating pace through our directsales force, channel partners, and OEM relationships, both domestically andinternationally. Aruba has now surpassed the 1,000 customer milestone and hasrecorded nearly 100 percent quarter-to-quarter growth," said SteffanTomlinson, chief financial officer for Aruba Networks. "At this juncture, aswe expand into new geographies and further develop our current markets, it isessential that we invest in our operations, sales, and marketing activities,further solidifying our market leadership position." Aruba Networks manufactures and markets a complete line of enterprise-class, highly-secure wireless LAN and mobility solutions, including mobilitycontrollers, access points, and mobility software. The company has justintroduced the Mobile Edge, a new networking architecture designed toeffectively address three top concerns of IT managers -- mobility, security,and convergence. The Mobile Edge extends the reach of enterprise networks,providing secure access to information and voice services anywhere a userneeds them, enabling new applications, allowing organizations to compete moreeffectively, and bringing about dramatic economic benefits. "Aruba has solidly established itself as a key player in the networkingindustry with offerings crossing several dynamic and expanding marketsegments, ranging from WLANs to network security and VoIP to enterprisemobility," said Stuart Peterson, managing partner with Artis Capital. "Aruba'slarge, marquee customer base, industry-leading technology, experiencedmanagement team, and strong sales momentum give us great confidence, and weare excited to be a participant in the company's future." About Aruba Networks, Inc. Aruba Networks is a fast-growing enterprise infrastructure companyenabling the Mobile Edge, an evolutionary new network architecture thataddresses three top concerns of IT managers-mobility, security, andconvergence. The Mobile Edge extends the reach of enterprise networks,providing secure access to information and voice services anywhere a userneeds them, enabling new applications, allowing organizations to compete moreeffectively, and bringing about dramatic economic benefits. To deliver theMobile Edge, Aruba manufactures and markets a complete line of fixed andmodular mobility controllers, controlled wired and wireless access points, andan advanced networking software suite for delivering mobility, security andconvergence services. Privately-held and based in Sunnyvale, California, Arubahas operations in the United States, Europe, the Middle East, and AsiaPacific, and employs staff around the world. To learn more, visit Aruba athttp://www.arubanetworks.com . NOTE: Aruba Networks and Aruba The Mobile Edge Company are trademarks ofAruba Wireless Networks, Inc. All other trademarks or registered trademarksare the property of their respective holders.
Source: PR Newswire
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